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Connecticut Economic Development

Developers Update Canton Officials On Collins Company Site

Developers Update Canton Officials On Collins Company Site

CANTON — Efforts to finance redevelopment of the old Collins Company ax factory site have so far been unsuccessful, but the group pushing the plan is pinning its hopes on finding local investors. Members of the group gave an overview of their efforts to the town's economic development agency Tuesday. They described their plans for a mix of housing, offices, retail, restaurants and a small hotel, but said they don't know yet when they might buy the property or present formal plans. Michael Goman, one of the developers trying to take over the 19-acre property, said redeveloping it would cost $57 million and that $15 million is needed to get started. His group has so far...

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